Genetiniai ištekliai

UAB ,,Genetiniai ištekliai“ carries out its continuous activities t. y. breeding of promising beef and dairy cattle; seed production of cereals, fiber and oilseeds, experimental, educational and experimental economic activities, protects and breeds gene-stocked Lithuanian black-headed sheep by the closed population method. Created and expands the selection nucleus of Lithuanian local coarse sheep, performs controlled fattening of lambs.

2022/23 GOOD CORPORATE GOVERNANCE INDEX

2021/22 GOOD CORPORATE GOVERNANCE INDEX

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

	2019	2020	2021	2022
Revenue	1,750	1,890	2,471	2,750
Cost of goods sold	1,532	1,633	2,209	2,454
Gross profit (loss)	218	256	262	296
Gross profit margin	12%	14%	11%	11%
Operating expenses	206	199	196	215
Operating profit (loss)	12	58	66	82
Operating profit margin	1%	3%	3%	3%
EBITDA	216	197	213	217
EBITDA margin	12%	10%	9%	8%
Net profit (loss)	4	44	86	98
Net profit margin	0%	2%	3%	4%

	2020-06	2021-06	2022-06	2023-06
Revenue	505	794	976	925
Cost of goods sold	473	685	797	1,030
Gross profit (loss)	33	109	179	-105
Gross profit margin	6%	14%	18%	-11%
Operating expenses	101	91	103	122
Operating profit (loss)	-69	18	76	-228
Operating profit margin	-14%	2%	8%	-25%
EBITDA	-6	93	180	129
EBITDA margin	-1%	12%	18%	14%
Net profit (loss)	-71	21	90	46
Net profit margin	-14%	3%	9%	5%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

Annual
Semi-annual

	2019	2020	2021	2022
Non-current assets	2,315	2,550	2,180	2,059
Intangible assets	2	2	1	0
Tangible assets	1,865	1,945	1,758	1,636
Financial assets	176	313	179	179
Other non-current assets	273	290	243	245
Current assets	1,143	1,032	1,183	1,398
Inventories and prepaid expenses	686	795	665	882
Accounts receivable in one year	390	127	349	359
Other current assets
Cash and cash equivalents	67	110	169	158
Total assets	3,468	3,600	3,381	3,474
Equity	2,554	2,598	2,648	2,677
Grants and subsidies	530	458	390	339
Liabilities	384	544	342	459
Financial liabilities	79	176	139	100
Long-term liabilities	5	139	100	60
Short-term liabilities	379	405	243	399
Equity and liabilities	3,468	3,600	3,381	3,474

	2020-06	2021-06	2022-06	2023-06
Non-current assets	2,517	2,503	2,132	2,232
Intangible assets	2	1	0
Tangible assets	2,041	1,854	1,706	1,555
Financial assets	176	316	179	428
Other non-current assets	299	332	248	250
Current assets	1,444	1,286	1,718	1,403
Inventories and prepaid expenses	1,031	1,030	834	961
Accounts receivable in one year	326	127	608	285
Other current assets	0	0
Cash and cash equivalents	87	130	276	157
Total assets	3,972	3,809	3,869	3,654
Equity	2,483	2,579	2,669	2,635
Grants and subsidies	493	423	366	316
Liabilities	995	807	835	703
Financial liabilities	302	158	119	80
Long-term liabilities	185	139	100	59
Short-term liabilities	811	668	735	643
Equity and liabilities	3,972	3,809	3,869	3,654

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

Annual
Semi-annual

	2019	2020	2021	2022
Capital return ratios
Return on assets (ROA)	0%	1%	2%	3%
Return on equity (ROE)	0%	2%	3%	4%
Return on capital employed (ROCE)	0%	2%	2%	3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)	0.02	0.05	0.04	0.03
Current Ratio	3.02	2.54	4.88	3.50
Quick ratio	1.21	0.58	2.13	1.29
Turnover ratios
Asset turnover	0.50	0.52	0.73	0.79
Fixed asset turnover	0.76	0.74	1.13	1.34
Equity turnover	0.69	0.73	0.93	1.03
Profitability ratios
EBITDA margin	12%	10%	9%	8%
Operating profit margin	1%	3%	3%	3%
Net profit margin	0%	2%	3%	4%
Other ratios
Dividends to the State	0.00	35.40	69.30	87.20
Dividends paid / net profit	0.00	0.80	0.81	0.89

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

	2020-06	2021-06	2022-06	2023-06
Capital return ratios
Return on assets (ROA)	0%	3%	4%	1%
Return on equity (ROE)	0%	5%	6%	2%
Return on capital employed (ROCE)	-3%	1%	3%	-8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)	0.08	0.04	0.03	0.02
Current Ratio	1.78	1.92	2.34	2.18
Quick ratio	0.51	0.38	1.20	0.69
Turnover ratios
Asset turnover	0.13	0.21	0.25	0.25
Fixed asset turnover	0.20	0.32	0.46	0.41
Equity turnover	0.20	0.31	0.37	0.35
Profitability ratios
EBITDA margin	-1%	12%	18%	14%
Operating profit margin	-14%	2%	8%	-25%
Net profit margin	-14%	3%	9%	5%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės ataskaitos

2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos

2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos

2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos

Expectations of the state

Key performance indicator

Letter of Expectations

About the company

Official nameUAB „Genetiniai ištekliai“
Legal formPrivate limited liability company (UAB)
Company code304979983
SectorOther
Line of businessHorticulture and animal husbandry
Institution representing the StateProperty bank
Share belonging to the State100%

http://genetiniaiistekliai.lt

Return to the State

87 EUR thousand

ROE

3.7%

Number of employees

Financial data provided as at end-December 2022

UAB „Šeduvos avininkystė“ and UAB „Upytės eksperimentinis ūkis“ were reoganized and merged into new company - UAB „Genetiniai ištekliai“, which was registered in the Register of Legal Entities on 2 January 2019.

Management

Audrius ZalatorisChief Executive Officer

Information as of: 2024/04/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

Vygantas SliesoraitisIndependent member; UAB Visi namai; UAB Vegta, VšĮ Panovis; AB Kelių priežiūra; UAB Pieno tyrimai; UAB AL holdingas

MEMBERS OF THE BOARD OF DIRECTORS

Kęstutis ButkusIndependent member; UAB Ecoservice; UAB ITALIANA LT

Regina MininienėMinistry of Agriculture

Virginija ŽoštautienėMinistry of Agriculture